This question is only for those in the US who make over $120K annually:
Would you be willing to trade off lower taxes keeping in mind your earning potential for "free" health care and/or "free" education in undergrad and professional/grad schools? Why? The reason for the income limit is where tax credits etc. (other than schedule C) start phasing out.
2007-07-01 05:43:57 · 3 answers · asked by Jay S 3 in Business & Finance ➔ Taxes ➔ United States
Not having free health care costs everyone. For example, it costs GM $1,500 more to make a car in the US than in Canada because they have health care and we don't. So, we lose jobs to overseas competitors, and then fewer people paying taxes means more taxes for those making more, or increased debt for the U.S., which has to paid off someday even if we put it off now. And an educated populace achieves more, which benefits everyone. It's free for a college education at Westpoint, I believe, and I want educated soldiers leading the troups. Not paying higher taxes is more costly ultimately.
2007-07-01 05:49:41 · answer #1 · answered by Katherine W 7 · 0⤊ 0⤋
If you lower taxes, how do you intend to pay for those freebies? One of the reasons that the US has such low taxes -- some of the lowest of all industrialized nations by the way -- is because we don't have socialized medicine. Cutting already low taxes won't provide the funds for such benefits.
2007-07-01 13:38:17 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
I am not in the tax bracket you are looking for, but here is my two cents anyway: I am absolutely opposed to higher taxes to pay for "freebies." I believe if something is free it is not respected.
I also believe renters should know how much of their rent pays property taxes and how much of medical bills pays malpractice insurance.
2007-07-01 12:50:27 · answer #3 · answered by r2mm 4 · 1⤊ 0⤋